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Archive for September 26, 2008
A bad day for Farmers.
September 26, 2008 by Zale.
Farmers Insurance just got hit for a $130M verdict, $80M of which was for bad faith and punitive damages. Wow!
In case you didn’t know Farmers is one of those companies that has created for themselves a reputation of being very hard to deal with when it comes to resolving claims. I still don’t understand the logic behind a company making such a name for itself in the market place. Wouldn’t it be better to have a reputation of being fair to the policyholder? Don’t kid yourself. Someone on that jury knew of Farmers reputation.
Posted in Negotiations, Litigation, Insurance Law | No Comments »
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